Electrical Steel Market by Type, End-user, Geography - Forecast and Analysis - 2023-2027

Published: Oct 2023 Pages: 161 SKU: IRTNTR75920

Electrical Steel Market Forecast 2023-2027

The Electrical Steel Market size is estimated to increase by USD 18,273.08 million between 2022 and 2027, at a CAGR of 9.56%. 

The primary factors driving the market include the increasing demand in the automotive industry, high applications in the power sector, and high magnetic properties of electrical steel.

Electrical Steel Market Growth and Forecasting

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Market Definition

Electrical steel is a type of steel product that retains the ferromagnetic properties of iron. It is one of the most-used types of soft magnetic material.

Market Dynamics

Increasing demand in the automotive industry is a major driver boosting the market share. Automakers worldwide prioritize lightweight, fuel-efficient, and eco-friendly vehicles to meet stringent environmental regulations, utilizing plastic or polymer components to reduce emissions and improve fuel efficiency. Nevertheless, essential automotive parts such as engines, chassis, gearboxes, exhaust systems, and other metal components are made from this kind of metal for enhanced strength and durability. The growing global production of automotive vehicles will drive the demand during the forecast period. Additionally, the rapid adoption of electric vehicles in Europe and Asia is expected to further increase automotive production, fueling the demand worldwide.

Expansion of production capacity by companies is a major trend propelling the market. The exceptional mechanical and magnetic properties are fueling its adoption in industrial applications. Consequently, due to the high demand in industries, market companies have been expanding their production capabilities. An example of this is the merger of Ansteel Group Corp. Ltd. (Ben Gang Group) in August 2021, resulting in becoming the world's third-largest steelmaker with an annual production capacity of 63 million tons of crude steel. Additionally, the company aims to achieve an annual production capacity of 70 million tons of crude steel by 2025. As a result of the increasing demand from various industries and the expansion of production capacity by market companies, the market is expected to witness significant growth during the forecast period.

Excess production capacity in steel manufacturing plants is a major challenge restraining the growth of the market. The global market faces a major challenge of excess production capacity, leading to low capacity utilization ratios and an imbalance between steel demand and supply. Unstructured capacity expansion, driven by factors like low production costs, subsidies, and easy access to loans, contributes to this issue. To tackle this, the Chinese government is taking measures to reorganize the market structure by closing down some steel production sites. Low-cost material production in specific regions affects manufacturing activities and demand elsewhere, prompting the need for reasonable trade tariffs to prevent dumping activities. Despite rapid industry growth, investments in capacity expansion are projected to lower the prices, hindering market growth during the forecast period.

Market Segment Insights

Type Insights

The grain-oriented electrical steel segment is estimated to witness significant growth during the forecast period. This type is a crucial component for the manufacturers of massive, high-performance generators and energy-efficient transformers.  It is made from laminated, wrapped, or punched sheets and constitutes a critical element of distribution transformers, power transformers as well as miniature transformers.

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The grain-oriented electrical steel segment was the largest segment and was valued at  USD 17,861.48 million in 2017. It is becoming the material of choice for high-efficiency transformers. This is because of its higher permeability and better energy efficiency, which are in line with the increasing focus on products that achieve lower electricity consumption. In power generation plants, it is used in turbine body casings, turbine rotor shafts, generator rotor shafts, compressors, rotors, disks and rods, and other components. Such applications of the segment in focus will drive growth.

End-User Analysis

Based on end-user, the automotive industry holds the largest market share. Rising global vehicle production will increase the demand in the automotive industry during the forecast period. Countries such as Germany, South Korea, Japan, India, and China are the leading producers of automobiles globally. These countries are among the leading hubs for automotive production. Thus, the growing automotive industry globally and increasing demand for automobiles in emerging economies, such as India, will drive the demand for these products and, in turn, will boost the growth of the global market.

Market Regional Insights

APAC Region

APAC is estimated to contribute 74% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The demand is set to increase steadily due to rapid industrialization and infrastructural developments in the region. The presence of major players like Tata Sons Pvt. Ltd. and China BaoWu Steel Group Corp. Ltd. will be instrumental in driving the market during the forecast period. For instance, Tata Sons Pvt. Ltd.'s Steel Recycling Business launched FerroHaat, a groundbreaking mobile app in August 2022, which facilitates sourcing steel scrap from traders, thus providing a reliable source of scrap metal for the industry and organizing India's scrap market. In parallel, China's efforts to consolidate its industry, exemplified by China BaoWu Steel Group Corp. Ltd.'s acquisition of a stake in Xinyu Iron and Steel Group in November 2022, will further propel market growth during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Voestalpine- The company offers electrical steels such as isovac high conductivity, isovac high strength and isovac high frequency.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW STEEL LTD., Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Market Analyst Overview

The Global Market is influenced by factors like fluctuating raw material prices, trade disparities, and global economic conditions. Despite challenges, rising demand for electricity-related applications, including distribution, generation, and consumption, propels market growth. Key players such as JFE Steel Corporation dominate, offering electrical material with excellent magnetic properties and low core energy losses. Advancements in the electric car sector and the penetration of electric vehicles (EVs) drive demand for electrical items, particularly in the U.S. Market. Additionally, regional opportunities in Kerala, India, present potential growth prospects, with a focus on quality, maintenance, and supply-demand dynamics to optimize performance in electrical grids, transformers, and electromagnetic devices.

Electrical Steel Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.56%

Market growth 2023-2027

USD 18,273.08 million

Market structure

Fragmented

YoY growth 2022-2023(%)

8.5

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 74%

Key countries

US, China, India, Japan, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Ansteel Group Corp. Ltd., Aperam SA, ArcelorMittal, Arnold Magnetic Technologies Corp., Beijing Shougang Co. Ltd., China BaoWu Steel Group Corp. Ltd., China Steel Corp., Cleveland Cliffs Inc., JFE Holdings Inc., JSW STEEL LTD., Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Steel Authority of India Ltd., Tata Sons Pvt. Ltd., thyssenkrupp AG, United States Steel Corp., voestalpine AG, and Yieh Corp.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth analysis of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global electrical steel market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global electrical steel market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Grain oriented electrical steel - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Grain oriented electrical steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Grain oriented electrical steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Grain oriented electrical steel - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Grain oriented electrical steel - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-grain oriented electrical steel - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Non-grain oriented electrical steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Non-grain oriented electrical steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Non-grain oriented electrical steel - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Non-grain oriented electrical steel - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Automobiles - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Automobiles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Automobiles - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Automobiles - Year-over-year growth 2022-2027 (%)
    • 7.4 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 7.5 Energy generation - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Energy generation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Energy generation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Energy generation - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Energy generation - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 60: Market opportunity by End-user ($ million)
      • Exhibit 61: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 Russia - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Ansteel Group Corp. Ltd.
              • Exhibit 115: Ansteel Group Corp. Ltd. - Overview
              • Exhibit 116: Ansteel Group Corp. Ltd. - Business segments
              • Exhibit 117: Ansteel Group Corp. Ltd. - Key offerings
              • Exhibit 118: Ansteel Group Corp. Ltd. - Segment focus
            • 12.4 ArcelorMittal
              • Exhibit 119: ArcelorMittal - Overview
              • Exhibit 120: ArcelorMittal - Business segments
              • Exhibit 121: ArcelorMittal - Key news
              • Exhibit 122: ArcelorMittal - Key offerings
              • Exhibit 123: ArcelorMittal - Segment focus
            • 12.5 China BaoWu Steel Group Corp. Ltd.
              • Exhibit 124: China BaoWu Steel Group Corp. Ltd. - Overview
              • Exhibit 125: China BaoWu Steel Group Corp. Ltd. - Product / Service
              • Exhibit 126: China BaoWu Steel Group Corp. Ltd. - Key offerings
            • 12.6 China Steel Corp.
              • Exhibit 127: China Steel Corp. - Overview
              • Exhibit 128: China Steel Corp. - Product / Service
              • Exhibit 129: China Steel Corp. - Key offerings
            • 12.7 Cleveland Cliffs Inc.
              • Exhibit 130: Cleveland Cliffs Inc. - Overview
              • Exhibit 131: Cleveland Cliffs Inc. - Product / Service
              • Exhibit 132: Cleveland Cliffs Inc. - Key offerings
            • 12.8 JFE Holdings Inc.
              • Exhibit 133: JFE Holdings Inc. - Overview
              • Exhibit 134: JFE Holdings Inc. - Business segments
              • Exhibit 135: JFE Holdings Inc. - Key offerings
              • Exhibit 136: JFE Holdings Inc. - Segment focus
            • 12.9 Nippon Steel Corp.
              • Exhibit 137: Nippon Steel Corp. - Overview
              • Exhibit 138: Nippon Steel Corp. - Business segments
              • Exhibit 139: Nippon Steel Corp. - Key offerings
              • Exhibit 140: Nippon Steel Corp. - Segment focus
            • 12.10 NLMK Group
              • Exhibit 141: NLMK Group - Overview
              • Exhibit 142: NLMK Group - Business segments
              • Exhibit 143: NLMK Group - Key offerings
              • Exhibit 144: NLMK Group - Segment focus
            • 12.11 Nucor Corp.
              • Exhibit 145: Nucor Corp. - Overview
              • Exhibit 146: Nucor Corp. - Business segments
              • Exhibit 147: Nucor Corp. - Key news
              • Exhibit 148: Nucor Corp. - Key offerings
              • Exhibit 149: Nucor Corp. - Segment focus
            • 12.12 POSCO holdings Inc.
              • Exhibit 150: POSCO holdings Inc. - Overview
              • Exhibit 151: POSCO holdings Inc. - Business segments
              • Exhibit 152: POSCO holdings Inc. - Key offerings
              • Exhibit 153: POSCO holdings Inc. - Segment focus
            • 12.13 Steel Authority of India Ltd.
              • Exhibit 154: Steel Authority of India Ltd. - Overview
              • Exhibit 155: Steel Authority of India Ltd. - Product / Service
              • Exhibit 156: Steel Authority of India Ltd. - Key offerings
            • 12.14 Tata Sons Pvt. Ltd.
              • Exhibit 157: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 158: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 159: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 160: Tata Sons Pvt. Ltd. - Segment focus
            • 12.15 thyssenkrupp AG
              • Exhibit 161: thyssenkrupp AG - Overview
              • Exhibit 162: thyssenkrupp AG - Business segments
              • Exhibit 163: thyssenkrupp AG - Key offerings
              • Exhibit 164: thyssenkrupp AG - Segment focus
            • 12.16 United States Steel Corp.
              • Exhibit 165: United States Steel Corp. - Overview
              • Exhibit 166: United States Steel Corp. - Business segments
              • Exhibit 167: United States Steel Corp. - Key news
              • Exhibit 168: United States Steel Corp. - Key offerings
              • Exhibit 169: United States Steel Corp. - Segment focus
            • 12.17 voestalpine AG
              • Exhibit 170: voestalpine AG - Overview
              • Exhibit 171: voestalpine AG - Business segments
              • Exhibit 172: voestalpine AG - Key offerings
              • Exhibit 173: voestalpine AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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